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September 16, 1995
[SSJ: 291] 2 0n Economics and Political Science
From: K Young
Posted Date: 1995/09/16
This is a good introduction to the demand; but on the supply side, simply
stating" that supply theory uses a similar methodogical construct" seems to be
over-simplified a bit. In fact, in a purely competitive market, all suppliers
are usually assumed to be alike; and a monopolist doesn't have a supply curve
(only a fixed amount to sell for a selected price).
Approved by ssjmod at 12:00 AM